Renovated Investment Apartment in Itabashi with Excellent Access
This is a seller-listed property, a renovated apartment offering excellent access just a 1-minute walk from Shin-Itabashi Station. The apartment underwent a full interior renovation in November 2013, presenting a modern living space. The layout is a 2K, with a wall-core exclusive area of 34.67 sqm (approximately 10.48 tsubo).
The property is equipped with numerous modern amenities for comfortable living. These include a bidet toilet seat, a washbasin with a shower attachment, a system kitchen with a 2-burner stove, ample storage space and closets, air conditioning, internet connectivity, an indoor washing machine space, a monitor-equipped intercom, city gas, and hot water supply. Building facilities include an elevator and a paid bicycle parking area (monthly fee of 400 yen). Special notes highlight the designer touches and the tile-clad exterior. The building itself is an 11-story SRC (steel-reinforced concrete) structure, with this unit located on the 9th floor. It was originally built in August 1970. The total number of units in the building is 57, and management is fully entrusted to a condominium association.
Additional financial details are provided for investors. The property is currently tenanted, with an annual projected rental income of 1.5 million yen and a projected yield of 6.94%. Conditions include owner change, negotiable pet policy (small dogs and cats allowed), and negotiable handover timing. The monthly costs include a management fee of 5,900 yen and a repair reserve fund of 10,780 yen.
The location in Itabashi Ward, Tokyo, is highly convenient. It is a mere 1-minute walk from the Tokyo Metro Mita Line's Shin-Itabashi Station, 5 minutes from the JR Saikyo Line's Itabashi Station, and 9 minutes from the Tobu Tojo Line's Shimo-Itabashi Station. The area is a vibrant commercial district. An interesting local fact is that Itabashi is home to the historic Itabashi Fudoson Temple, a significant cultural site. The closest major landmark is the iconic Tokyo Skytree, easily accessible via the nearby train lines, offering panoramic views of the metropolis.